Rockport Wealth LLC Takes $15.38 Million Position in Celestica, Inc. $CLS

Rockport Wealth LLC purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, HoldingsChannel.com reports. The firm purchased 62,442 shares of the technology company’s stock, valued at approximately $15,384,000. Celestica makes up approximately 3.1% of Rockport Wealth LLC’s investment portfolio, making the stock its 14th biggest holding.

Several other large investors have also modified their holdings of CLS. Franklin Resources Inc. lifted its stake in shares of Celestica by 25.8% during the second quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock valued at $286,184,000 after buying an additional 375,910 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Celestica by 17.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock valued at $271,045,000 after purchasing an additional 259,504 shares in the last quarter. Norges Bank purchased a new position in Celestica in the second quarter valued at about $236,069,000. Geode Capital Management LLC grew its holdings in Celestica by 27.6% during the 2nd quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock worth $153,449,000 after acquiring an additional 208,249 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Celestica by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 925,301 shares of the technology company’s stock worth $143,904,000 after purchasing an additional 22,280 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CLS. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Friday. Aletheia Capital increased their target price on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus restated a “buy” rating and set a $385.00 price objective (up previously from $230.00) on shares of Celestica in a report on Wednesday, October 29th. New Street Research set a $400.00 target price on Celestica in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $340.75.

Celestica News Summary

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: TD Securities set a $305 price target, reinforcing buy-side confidence in Celestica’s near-term valuation and growth outlook. Read More.
• Positive Sentiment: Brokerages’ consensus remains constructive — Celestica was given an average “Moderate Buy” rating by analysts, supporting upside expectations. Read More.
• Positive Sentiment: Aletheia Capital published a bullish forecast calling for strong price appreciation, adding to positive sentiment from independent investors. Read More.
• Positive Sentiment: Earnings previews and analyst notes expect Celestica to “double beat” on Q4 results, supported by growth in the CCS (cloud & data-center) segment driven by AI/data-center demand and new switch programs. These expectations are a key driver of the stock’s strength. Read More.
• Neutral Sentiment: Multiple media pieces and analyst summaries (Globe and Mail, MSN) provide mixed analyst commentary and broader sector context but add no single decisive catalyst. Read More. Read More.
• Neutral Sentiment: Investor guidance pieces (e.g., “Should you sell your Celestica stock?”) discuss valuation and risk/ reward but do not introduce new fundamentals. Read More.
• Negative Sentiment: A report that Alphabet is exploring additional TPU suppliers triggered an early sell-off in CLS (shares fell on the news), creating short-term pressure despite the interpretation that it signals rising TPU demand overall. Read More.
• Negative Sentiment: Zacks highlighted a decline in ATS revenues and recent stock weakness (intraday slide), flagging risk from softer end markets and inventory pressure that could weigh on Q4 results if not offset by CCS strength. Read More.

Insider Transactions at Celestica

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the purchase, the director owned 6,000 shares of the company’s stock, valued at $2,050,020. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Up 4.4%

CLS stock opened at $303.66 on Friday. The company has a market cap of $34.93 billion, a PE ratio of 49.30 and a beta of 1.87. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The business’s 50-day simple moving average is $309.47 and its 200 day simple moving average is $261.24. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the business earned $1.04 EPS. The firm’s revenue was up 27.8% on a year-over-year basis. On average, research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Celestica Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.